Wire flash
Mindong Electric Clarifies: No Operations in Computing-Power Synergy, Green Power Direct Connection, or Smart Grid; Virtual Power Plant Yet to Generate Revenue
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
On September 22, 2026, Mindong Electric (Fujian Mindong Electric Power Co., Ltd., stock code 000993.SZ) issued a stock trading risk warning announcement via financial media outlet 格隆汇. The company stated that its stock price had risen by over 100% in ten consecutive trading days, triggering a severe abnormal fluctuation alert under Shenzhen Stock Exchange rules. In response to recent market hype around concepts such as 'virtual power plants,' 'computing-power synergy,' 'green electricity direct connection,' 'offshore wind power,' and 'smart grids,' Mindong Electric clarified that it currently does not engage in computing-power synergy, green electricity direct connection, or smart grid businesses, nor does it have partnerships with computing or data centers. Its virtual power plant business is in an early incubation stage with no formal commercial operation, no substantial revenue or profit, and is not expected to generate benefits or materially impact performance in 2026. Additionally, its invested offshore wind projects are either not yet started or not yet operational, with no revenue generated and no expected impact on 2026 performance.
Source report
September 22 — Mindong Electric Power Co., Ltd. (000993.SZ) has issued an announcement regarding a severe abnormal fluctuation in its stock trading, accompanied by a risk warning.
The company's stock price recorded an accumulated deviation of 100.02% over a continuous period of 10 trading days (from September 9, 2026, to September 22, 2026). According to the relevant regulations of the Shenzhen Stock Exchange, this constitutes a case of severe abnormal fluctuation in stock trading.
The company has noted heightened market attention on several trending concepts, including:
- Virtual power plants
- Computing-electricity synergy
- Direct green electricity connection
- Offshore wind power
- Smart grids
Following an internal review, the company clarifies the following:
- It is not currently engaged in the businesses of computing-electricity synergy, direct green electricity connection, or smart grids.
- It has no cooperation with computing power centers or data centers.
- Its virtual power plant business is still in the early incubation stage, has not yet achieved formal commercial operation, and generates no substantial revenue or profit. It is expected to have no impact on the company's operating performance in fiscal year 2026.
- The offshore wind power projects in which the company holds equity are either not yet under construction or not yet in operation, and have not generated any revenue. These projects are also expected to have no impact on the company's operating performance in fiscal year 2026.
Source
格隆汇Regional
Part of this Story
Mingdong Electric stock doubles then hits daily limit down after warning on hot-concept businesses